Buckley Wealth Management LLC Takes Position in Diageo plc (DEO)
Buckley Wealth Management LLC bought a new stake in shares of Diageo plc (NYSE:DEO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,645 shares of the company’s stock, valued at approximately $240,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Family Capital Trust Co bought a new stake in Diageo during the 3rd quarter valued at approximately $119,000. Rockefeller Financial Services Inc. bought a new stake in Diageo during the 3rd quarter valued at approximately $125,000. UBS Asset Management Americas Inc. raised its stake in Diageo by 124.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock valued at $177,000 after purchasing an additional 820 shares during the period. Bristlecone Advisors LLC bought a new stake in Diageo during the 3rd quarter valued at approximately $185,000. Finally, IFG Advisory LLC bought a new stake in Diageo during the 4th quarter valued at approximately $203,000. 12.17% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. Royal Bank of Canada downgraded Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Macquarie raised Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 7th. Finally, BNP Paribas downgraded Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $153.75.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be issued a dividend of $1.4232 per share. This represents a yield of 1.96%. The ex-dividend date is Thursday, February 22nd. Diageo’s dividend payout ratio is presently 45.45%.
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Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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